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What is mean by appraisal date?
Date to which the appraisal applies. If a certified appraisor values your property at MM for 10/31/2006. That is the date to which the appraisal applies. In other words, as of 10/31/2006, you property is appraised at MM
What is the difference between real property assets and personal property assets in cost segregation?
Property is that which an individual owns. Real property is real estate, land, investment/rental properties, homes, etc. Personal property is jewelry, art, automobiles, valuable collections, cash and financial assets other than real property.
Is there a difference between property or real estate taxes?
No, if it's used in the general context. For example asking someone if they paid their property taxes or their real estate taxes is essentially saying the same thing. Technically, however, there are two types of "property" real and personal. Real property is the rights to land and improvements to the land. Personal property is all property other than real property; it's not permanently attached and is, therefore, movable. Examples of personal property include business equipment and furnishings.
Is investment considered as current asset?
No investments in other business are normally for long term basis. If investments are for long term then long term assets otherwise current assets.
What kind of insurance is tax deductible?
Insurance for one's personal property such as auto or homeowner's insurance is tax deductible. Other tax deductible insurances are medical and dental insurances.
What has the author Harry Augustus Bigelow written?
Harry Augustus Bigelow has written: 'Cases on the law of personal property' -- subject(s): Personal property, Cases 'Cases and other materials on the law of personal property' -- subject(s): Personal property, Cases
Which forms of investments are not risky?
Investments in the below instruments are not riskyGovernment BondsBank DepositsPost Office DepositsBonds issued by companies held partly/fully by the governmentGold & other precious metalsLand/Property
Can corporations make investments?
Corporations may make any lawful investment. They often invest in the stock and/or bonds of other corporations, personal or real property, mutual funds, money market accounts, certificates of deposit, and government securities.
What is mean by appraisal date?
Date to which the appraisal applies. If a certified appraisor values your property at MM for 10/31/2006. That is the date to which the appraisal applies. In other words, as of 10/31/2006, you property is appraised at MM
What is a levy against personal property?
A levy is when a creditor is allowed to take and sell your personal property. This can be a tax levy or some other form of judgment.
What is the legal definition for personal belongings?
Personal property is any movable or intangible thing that is subject to ownership and not classified as real property. All property other than land and buildings attached to land.
What is capital improvement?
In terms of real estate, a capital improvement is a permanent structural improvement added to the interior, exterior or landscaping of a property that will increase its overall value or prolong its life and durability. Capital improvements can also apply to tools, machines, and other major investments. The same principle applies in regard to definition.
Does insurance cover personal property lost in a car wreck?
Depends. If you are at fault, the other insurance company has to cover property loss. Personal property loss is most likely an option (not basic coverage) on your policy.
What are some low-risk equity investments?
low risk investments offer a good to high rate of return with very little change of loosing money. Real estate, other real property, and mutual funds are examples.
What has to happen to make personal property real property?
Real property is land and anything attached to it that cannot be severed without injury to the land such as homes, garages and other buildings. Personal property is any movable or intangible thing that is subject to ownership and is not considered real property. Building materials stored on a building lot would be personal property. Once the house is built it becomes part of the real property. Fixtures in a building sit on the line between real and personal property. You can read more about that distinction at the link below.
Classes of capital expenditures?
replacement investments expansion investments product-line or new market investments investments in safety and/or environmental projects strategic investments other investments
Can they take your furniture or other personal property if you file bankruptcy?
yes, but if you are, than RUN!
